On 6 Nov 2026, Nahar Poly Films was priced at ₹233.40, or 7.9× trailing earnings, against an industry P/E of 18.1×, and the shares are 27% below their 52-week high. It earns ROCE of 11% and ROE of 9.3%, and sales fell 0.8% a year over 3 years while net profit grew 22%. It has almost no debt, and its dividend yield is 0.6%. It is a small-cap company with a market cap of ₹574 Cr, ranked 21st of 83 Packaging & Containers companies by market cap; the shares fell 23% over the past year.
- ₹236.69
- ₹239.97
- ₹232.01
- ₹236.69
- 4.6K
Health check
- ReturnsBehind
−23.4% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 7.9 vs industry 18.1.
- GrowthSteady
Sales −0.8%, profit +22.2% a year over 3 years.
- ProfitabilityWeak
ROCE 10.5% vs peer median 16.7%.
- Balance sheetSolid
Debt 0.09× equity, interest covered 13.8×.
- Red flags2 to check
Quarterly profit down 35.9% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹574 Cr
- Small cap
- P/E
- 7.9
- Industry 18.1
- Price to book
- 0.60
- Peers 2.06
- Dividend yield
- 0.64%
- ROE
- 9.3%
- Peers 14.4%
- ROCE
- 10.5%
- Peers 16.7%
- Debt to equity
- 0.09
- Debt ₹86 Cr
- EPS (TTM)
- ₹29.40
- Face value ₹5
- OPM (TTM)
- 14.2%
- Net margin 11.2%
- Sales growth
- −18.7%
- Latest quarter vs a year ago
- Profit growth
- −35.9%
- Latest quarter vs a year ago
- Price to sales
- 0.76
- EV/EBITDA 6.2
Strengths and risks
Strengths
- Practically debt-free.
- P/E of 7.9 against an industry P/E of 18.1.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 35.9% on a year ago.
- Quarterly sales down 18.7% on a year ago.
About Nahar Poly Films
Nahar Poly Films Limited manufactures and sells biaxially oriented polypropylene (BOPP) films used in flexible packaging in India and internationally. The company offers transparent one side corona treated metallisable; transparent both sided treated inside metallizable; transparent both side heat sealable for cable over wrapping; transparent both side heat sealable; white opaque both side heat sealable; transparent one side metallisable other side heat…
- Headquarters
- Ludhiana
- Employees
- 317
- Sector
- Consumer Cyclical
- ISIN
- INE308A01027
- Website
- owmnahar.com
Price range
- Avg volume (3M)
- 7.8K
- 1-year return
- minus 23.4%
- From 52-week high
- minus 27.0%
Peers · Packaging & Containers
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TIMETECHNOTime Technoplast | 170.65 | minus 1.98% | 8,424 | 15.9 | 2.06 | 15.3% | 13.4% | 10.3% | 12.5% | 28.9% | 0.86% | minus 17.5% |
| EPLEPL | 221.31 | minus 3.61% | 7,101 | 18.1 | 2.26 | 16.7% | 14.9% | 19.8% | 8.5% | 19.7% | 2.26% | plus 13.4% |
| AGIAGI Greenpac | 645.55 | minus 3.31% | 4,177 | 11.8 | 1.65 | 18.2% | 14.9% | 22.0% | 5.5% | 10.4% | 1.08% | minus 18.3% |
| UFLEXUFLEX | 575.30 | minus 2.13% | 4,154 | 6.1 | 0.51 | 7.5% | 4.1% | 14.0% | 1.4% | −12.9% | 0.52% | plus 9.1% |
| TCPLPACKTCPL Packaging | 4,431.10 | minus 2.80% | 4,024 | 34.9 | 5.61 | 18.3% | 14.4% | 12.8% | 7.3% | −4.2% | 0.55% | plus 37.9% |
| JINDALPOLYJindal Poly Films | 697.50 | minus 0.11% | 3,054 | – | 1.00 | −18.2% | −29.9% | −36.5% | −15.6% | – | 0.00% | plus 25.0% |
| KNACKKnack Packaging | 199.71 | plus 1.42% | 2,444 | 21.6 | 3.34 | 38.3% | 35.5% | 17.8% | 16.6% | 67.1% | 0.00% | plus 9.1% |
| NAHARPOLYNahar Poly Films | 233.40 | minus 1.39% | 574 | 7.9 | 0.60 | – | 9.3% | 13.5% | – | – | 0.64% | minus 23.4% |
| Median of 7 peers | – | −2.13% | 4,154 | 17.0 | 2.06 | 16.7% | 14.4% | 14.0% | 7.3% | 15.0% | 0.55% | 9.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 197 | 172 | 167 | 168 | 160 | |
| 169 | 145 | 147 | 136 | 145 | |
| 27.8 | 27.8 | 20.4 | 31.2 | 15.2 | |
| 14.1% | 16.1% | 12.2% | 18.6% | 9.5% | |
| 3 | 5.5 | 11.6 | 3.7 | 4.6 | |
| 2.2 | 2 | 1.9 | 1.7 | 1.6 | |
| 8.1 | 8.2 | 8.2 | 8 | 8.1 | |
| 20.5 | 23.1 | 22 | 25.1 | 10.1 | |
| 27.2% | 29.5% | 25.9% | 21.2% | 38.2% | |
| 18.2 | 20.8 | 19.3 | 20.5 | 11.7 | |
| 7.42 | 8.45 | 7.86 | 8.34 | 4.75 |
Profit & loss
- Sales CAGR 3Y
- −0.8%
- Profit CAGR 3Y
- +22.2%
- EPS CAGR 3Y
- +22.2%
- ROE
- 9.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 720 | 597 | 663 | 702 | |
| – | minus 17.0% | +11.1% | +5.8% | |
| 638 | 576 | 587 | 595 | |
| 81.6 | 21 | 75.9 | 107 | |
| 11.3% | 3.5% | 11.4% | 15.3% | |
| 4.2 | 7.1 | 14.1 | 18.1 | |
| 12.2 | 11.9 | 10.2 | 7.8 | |
| 32.2 | 32.4 | 32.5 | 32.5 | |
| 0.6 | 3.8 | 4 | 5.6 | |
| 41.9 | −12.4 | 51.4 | 90.7 | |
| 26.2% | 23.8% | 31.1% | 25.8% | |
| 43.2 | 5.7 | 47.4 | 78.8 | |
| – | minus 86.9% | +734.2% | +66.4% | |
| 17.57 | 2.31 | 19.27 | 32.06 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 12.6 | 12.6 | 12.6 | |
| 767 | 786 | 789 | 854 | |
| 163 | 126 | 95.5 | 79 | |
| 36.3 | 33.8 | 50.8 | 54.2 | |
| 979 | 959 | 948 | 1,000 | |
| 273 | 244 | 223 | 259 | |
| 4 | – | – | 79.1 | |
| 224 | 247 | 581 | 247 | |
| 40.5 | 25.6 | 24.8 | 4.1 | |
| 438 | 442 | 119 | 410 | |
| 979 | 959 | 948 | 1,000 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.8 | 16.7 | 56.7 | 50.3 | |
| −36.7 | −11.2 | −3.3 | −24.7 | |
| −40.9 | −38.1 | −40.6 | −38.2 | |
| −49.7 | −32.6 | 12.8 | −12.6 | |
| −7.7 | −0.2 | −5.2 | −24.8 | |
| 20.2 | 16.5 | 51.5 | 25.5 | |
| −6.1 | −3.7 | −2.5 | −2.5 |
Shareholding pattern
- Promoters72.93%
- Public27.07%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 72.93% | 27.07% | plus 0.42 | |
| 30 Jun 2026 | 72.51% | 27.49% | plus 0.01 | |
| 31 Mar 2026 | 72.50% | 27.50% | plus 0.22 | |
| 31 Dec 2025 | 72.28% | 27.72% | 0.00 | |
| 30 Sep 2025 | 72.28% | 27.72% | – |
Major shareholders
Filings & events
News
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